JLL assisted Immobel in the sale of the Commerce 46 building to Allianz Real Estate
Immobel instructed JLL to sell the shares of the company that is the owner of the Commerce 46 office building, a core long term BREAAM Outstanding and CO2 neutral investment opportunity situated in the heart of the European Quarter in Brussels. The building has 12 floors and a surface of approximately 14.200 m². It is fully let to ING who signed a lease agreement for 9 years.
Location
This unique office building is situated on the corner of Rue Belliard and Rue du Commerce in the European Quarter of Brussels.
Square Metres
Approximately 14.200 m² offices over 12 floors. The building also has 70 parking units, 69 bicycle parking units and 184 sqm of archive space.
Industry
Offices
Commerce 46 is a unique 12-storey office building with an area of approximately 14.200 m². It is BREEAM Outstanding (fossil-free - CO2 neutral) and offers large volumes with plenty of light. It also has a private garden of 230 m² and 2 large roof terraces, totaling 620 m². The estimated delivery date is Q3 2022.
The building is located in the Leopold district: a tier-1 office district in terms of occupation and investment dynamics. The location is central within the Brussels public transportation network, at walking distance from several metro and train stations.
The property will be fully occupied by ING Belgium, offering an “AA3” covenant (Moody’s) and generating an annual income of €4 million (indexed) for a fixed duration of nine years.
The building was acquired by Allianz Real Estate, acting on behalf of several Allianz group companies.
